Tyler Technologies, Inc. (NYSE:TYL) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Tyler Technologies, Inc. (NYSE:TYL) have earned an average rating of “Moderate Buy” from the thirteen ratings firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $676.25.

A number of equities research analysts have recently issued reports on TYL shares. StockNews.com lowered shares of Tyler Technologies from a “buy” rating to a “hold” rating in a report on Monday, February 24th. Barclays increased their price objective on shares of Tyler Technologies from $705.00 to $715.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Truist Financial reissued a “buy” rating and issued a $775.00 target price (up from $685.00) on shares of Tyler Technologies in a research note on Friday, February 14th. Wells Fargo & Company restated an “equal weight” rating and issued a $615.00 price target (down from $670.00) on shares of Tyler Technologies in a research report on Tuesday, January 7th. Finally, The Goldman Sachs Group lifted their price objective on Tyler Technologies from $660.00 to $728.00 and gave the stock a “buy” rating in a research report on Tuesday, February 18th.

Insider Buying and Selling

In related news, CFO Brian K. Miller sold 1,550 shares of Tyler Technologies stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $613.58, for a total value of $951,049.00. Following the completion of the sale, the chief financial officer now owns 14,026 shares in the company, valued at approximately $8,606,073.08. This trade represents a 9.95 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider John S. Marr, Jr. sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $619.00, for a total value of $3,714,000.00. Following the completion of the sale, the insider now directly owns 6,983 shares in the company, valued at approximately $4,322,477. The trade was a 46.21 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,064 shares of company stock valued at $8,688,030. 2.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Tyler Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of TYL. Integrated Wealth Concepts LLC lifted its position in shares of Tyler Technologies by 2.3% during the fourth quarter. Integrated Wealth Concepts LLC now owns 786 shares of the technology company’s stock worth $453,000 after purchasing an additional 18 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in Tyler Technologies by 0.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,668 shares of the technology company’s stock worth $2,115,000 after buying an additional 20 shares during the period. Kensington Investment Counsel LLC lifted its holdings in Tyler Technologies by 0.8% during the 4th quarter. Kensington Investment Counsel LLC now owns 2,496 shares of the technology company’s stock worth $1,439,000 after buying an additional 20 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Tyler Technologies by 18.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 135 shares of the technology company’s stock valued at $78,000 after buying an additional 21 shares during the period. Finally, Baron Wealth Management LLC grew its stake in shares of Tyler Technologies by 1.5% in the fourth quarter. Baron Wealth Management LLC now owns 1,487 shares of the technology company’s stock worth $857,000 after acquiring an additional 22 shares in the last quarter. 93.30% of the stock is currently owned by hedge funds and other institutional investors.

Tyler Technologies Trading Up 1.9 %

TYL stock opened at $563.81 on Monday. The business’s 50-day moving average is $598.55 and its 200 day moving average is $598.48. Tyler Technologies has a 12-month low of $397.80 and a 12-month high of $661.31. The stock has a market cap of $24.25 billion, a price-to-earnings ratio of 93.04, a PEG ratio of 4.93 and a beta of 0.80. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.18.

Tyler Technologies (NYSE:TYL) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $1.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.44 by ($0.57). Tyler Technologies had a return on equity of 10.15% and a net margin of 12.30%. On average, sell-side analysts anticipate that Tyler Technologies will post 8.52 EPS for the current fiscal year.

About Tyler Technologies

Tyler Technologies, Inc provides integrated information management solutions and services for the public sector. It operates in two segments, Enterprise Software and Platform Technologies. The company offers platform and transformative technology solutions, including cybersecurity for government agencies; data and insights solutions; digital solutions that helps workers and policymakers to share, communicate, and leverage data; payments solutions, such as billing, presentment, merchant onboarding, collections, reconciliation, and disbursements; platform technologies, an application development platform that enables government workers to build solutions and applications; and outdoor recreation solutions, including campsite reservations, activity registrations, licensing sales and renewals, and real-time data for conservation and park management.